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  • Inv-93b Escrow Agent Agreement (pooling Method) - State Treasurer

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Ed this day of , 20 by and between (the Depository), the State Treasurer of North Carolina, and (the Escrow Agent). Whereas, the Depository is required by North Carolina General Statutes to collateralize the uninsured public deposits of the State Treasurer and/or other eligible Public Depositors, and has elected to do so through the pooling method as s.

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Municipal Deposits means deposits of government units and other public entities.

Under the Pooling Method, however, the Depository secures all of its Public Deposits collectively by establishing a pool of collateral with the State Treasurer.

All time and savings deposits owned by a public unit and held by the public unit's official custodian in an insured depository institution within the State in which the public unit is located are added together and insured up to $250,000.

Collateralization is necessary to protect public funds and recover its ownership in certificate of deposits or deposit accounts in the event of a bank failure. Conditions that must be satisfied to be properly collateralized include: • Written, signed Collateral Agreement by both parties.

Federal funds are not collateralized; like eurodollars, they are an unsecured interbank loan. Federal funds transactions by regulated financial institutions neither increase nor decrease total reserves in the banking system as a whole. Instead, they redistribute reserves.

What is a Public Unit Deposit? Public Unit Deposits (PUD) are demand or time deposits controlled by a public unit such as a municipality or political subdivision.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232